Goosehead Insurance, Inc (NASDAQ:GSHD) Receives $99.20 Consensus PT from Analysts

Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) has been given an average recommendation of "Hold" by the ten research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $99.20.

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Goosehead Insurance from $77.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, January 3rd. Piper Sandler boosted their price target on shares of Goosehead Insurance from $103.00 to $122.00 and gave the stock an "overweight" rating in a report on Monday, October 28th. BMO Capital Markets raised their target price on Goosehead Insurance from $90.00 to $120.00 and gave the company a "market perform" rating in a research report on Tuesday, November 19th. Royal Bank of Canada boosted their price target on shares of Goosehead Insurance from $95.00 to $109.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, Truist Financial upped their target price on Goosehead Insurance from $65.00 to $80.00 and gave the company a "hold" rating in a report on Friday, October 4th.

Goosehead Insurance Stock Performance

GSHD stock traded up $5.32 during midday trading on Monday, reaching $103.91. 401,020 shares of the company's stock traded hands, compared to its average volume of 220,246. The stock has a market cap of $3.86 billion, a P/E ratio of 144.32, a PEG ratio of 4.44 and a beta of 1.41. Goosehead Insurance has a 52-week low of $50.47 and a 52-week high of $130.39. The stock's 50-day moving average is $114.26 and its 200 day moving average is $94.18. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.05. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The company had revenue of $78.04 million for the quarter, compared to analysts' expectations of $80.54 million. During the same period in the previous year, the firm posted $0.28 earnings per share. The firm's revenue for the quarter was up 9.9% on a year-over-year basis. As a group, analysts anticipate that Goosehead Insurance will post 0.84 EPS for the current year.

Insiders Place Their Bets

In other Goosehead Insurance news, major shareholder Patrick Ryan Langston sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $95.35, for a total value of $953,500.00. Following the completion of the sale, the insider now owns 5,000 shares of the company's stock, valued at approximately $476,750. This represents a 66.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Adrienne Kebodeaux sold 43,928 shares of the firm's stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $100.21, for a total transaction of $4,402,024.88. The disclosure for this sale can be found here. Insiders have sold a total of 112,255 shares of company stock valued at $11,784,327 in the last three months. Company insiders own 48.35% of the company's stock.

Hedge Funds Weigh In On Goosehead Insurance

Institutional investors have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. grew its stake in Goosehead Insurance by 30.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 35,118 shares of the company's stock valued at $2,017,000 after buying an additional 8,193 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Goosehead Insurance by 0.9% in the third quarter. Geode Capital Management LLC now owns 643,514 shares of the company's stock valued at $57,476,000 after purchasing an additional 5,969 shares during the last quarter. Quarry LP grew its position in shares of Goosehead Insurance by 2,810.7% in the second quarter. Quarry LP now owns 815 shares of the company's stock valued at $47,000 after purchasing an additional 787 shares during the last quarter. Dark Forest Capital Management LP bought a new position in shares of Goosehead Insurance during the second quarter worth approximately $408,000. Finally, BNP Paribas Financial Markets lifted its holdings in Goosehead Insurance by 135.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 22,200 shares of the company's stock worth $1,982,000 after purchasing an additional 12,759 shares during the last quarter.

Goosehead Insurance Company Profile

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner's, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.